$RELIANCE

Reliance Industries Limited (RIL) started the financial year 2026-27 on a strong note by reporting a solid performance for the June quarter (Q1 FY27), despite a challenging global economic environment. Chairman and Managing Director Mukesh Ambani said the company's diversified business portfolio continued to perform well amid geopolitical tensions and volatile commodity prices. Backed by strong growth across its digital, energy, and retail businesses, Reliance posted a record consolidated net profit of ₹23,196 crore, up 6.1% from ₹21,859 crore in the same quarter last year. The company also reported its highest-ever quarterly EBITDA of ₹54,067 crore, reflecting a 10.1% year-on-year increase. The strong operating performance was mainly driven by healthy growth in Jio Platforms and the Oil-to-Chemicals (O2C) business. However, the EBITDA margin declined slightly to 15.9% from 18% a year ago due to changes in the business mix and higher input costs. During the quarter, global crude oil prices remained elevated, with Brent crude averaging $104.5 per barrel, following supply disruptions caused by the closure of the Strait of Hormuz. Reliance's stock also reflected positive investor sentiment, rising 2.36% to close at ₹1,327.20 on the NSE, taking the company's market capitalization close to ₹17.96 lakh crore. Looking ahead, Mukesh Ambani expressed confidence in the company's future growth, highlighting the phased commissioning of new energy projects and the proposed Jio Platforms IPO as key value drivers. During the quarter, Jio Platforms filed its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO comprising a fresh issue of 27 crore equity shares, marking another significant milestone in Reliance's long-term growth strategy.